Brazil’s lower house of Congress started a marathon session that will lead to a crucial impeachment vote on Sunday, following months of intense debate that has left Latin America’s largest nation deeply divided. The Supreme Court early Friday rejected a government motion trying to stop the session, paving the way for a vote that leading... Continue Reading →

As Brazilian President Dilma Rousseff’s impeachment vote draws near, the top brass at the nation’s largest companies is beginning to break its silence. Most business executives see little advantage in publicly taking sides in a political battle, and enough twists and turns remain in the impeachment process to make the outcome unpredictable. That’s kept corporate... Continue Reading →

By DANA MATTIOLI and RYAN DEZEMBER/WSJ Updated April 14, 2016   Private-equity firm Carlyle Group LP is in serious talks to buy a package of oilfield-services businesses from Halliburton Co. and Baker Hughes Inc. that could be valued at more than $7 billion, as the energy giants seek to overcome a Justice Department challenge to their planned... Continue Reading →

resident Dilma Rousseff's fate in an impeachment vote in Brazil's Congress on Sunday is being decided in deals struck at lunch tables and behind the mirrored windows of luxury hotels in Brasilia, where the tide has turned decisively against her. Rousseff's survival hinges on winning over a dwindling number of undecided lawmakers who are also... Continue Reading →

Brazil’s real dropped the most among major currencies as the central bank stepped up efforts to weaken the currency as Brazilian assets rallied on renewed speculation that impeachment of President Dilma Rousseff is drawing closer. The central bank announced it would auction 80,000 foreign-exchange reverse swaps Wednesday, a move that’s equivalent to buying $4 billion... Continue Reading →

Pemex to Get $1.5 Billion From Government to Reduce Record Debt Nacha Cattan/Adam Williams Bloomberg April 13, 2016 Finance Ministry to absorb $2.7 billion in pension liabilities Government to increase ceiling for Pemex tax deductions Mexico will send 26.5 billion pesos ($1.5 billion) to the nation’s state-owned oil company to pay contractors after debt levels... Continue Reading →

Brazil’s President Dilma Rousseff accused her vice president of attempting to illegally overthrow the government, underscoring the heightened political tensions just days before Congress votes on her impeachment. Without directly naming Vice President Michel Temer, Rousseff said Tuesday that the prior day’s leak of a recording where he discussed the outlines of a Temer administration... Continue Reading →

More than a year after Brazilians began calling on Congress to impeach President Dilma Rousseff, consensus has built around the need to move forward. But agreement ends there. Her Workers’ Party wants to beat back those hoping to take away their election-day victory; her opponents are trying to oust her. The clash, due in the... Continue Reading →